Answer:
Step-by-step explanation:
Okay so first you are going to take 6% or 0.06 of 1000. Add the number you get to 1000.
0.06*1000 = 60
60+1000 = 1060
You are going to do the same thing, but with 1060.
0.06*1060 = 63.6
63.6+1060 = 1123.6
Then take 1123.6 and subtract the original 1000.
You will get 123.60. That is the amount of interest you have gained over the 2 years.
